Hello BiggerPockets community,I'm having some confusion with standard practice for 'First, last, deposit' collection in the scenario that the first month will be prorated.Say for instance: My property has a rent of $1000 monthly with a deposit of one month's rent ($1000), and a targeted lease start of the 15th.Given that rent will be due on the first of every month, what is the amount which should be collected for the initial 'First, last, deposit'?

In most cases you cannot charge two different tenants for the same time period (double dip).Pet fees/pet rent: Local laws vary, but there are often addiitonal deposits, fees, or rent for allowing pets that don't qualify as service animals or emotional support animals.

Hi, if I wanted rent payments ACH deposited like clockwork from tenants every month, what would I need ?  

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

This means that you can cancel within that period and still be entitled to a refund of your deposit.6)  When a wholesaler reaches out to me without a contract, I tell them to go and get the deal under contract and then call me back.   

The deposit was provided and he actually ended up paying a year up front. 3.

A tenant destroyed a garbage disposal with a shot glass- the next thing in my lease was tenant payment for repairs not coming out of security deposit and specific terms for hourly labor charges. 

If I am aiming for the national tenant, what kind of TI per sqft shall I expect, how much security deposit I shall collect and  how many month of rent I shall ask tenant to pay advance to execute the lease (1st and last month of rent or more)?

Make sure you understand your rights and responsibilities under both agreements.Collect rent and communicate with the PHA: The Section 8 program typically pays its portion of the rent directly to the landlord via direct deposit or mail.

The cost of replacing the door is far more than the security deposit.